| ||Notice of Postal Ballot | 8/26/2011 4:44:47 PM|| |
| ||ABG Shipyard Ltd has informed BSE that the members of the Company will consider to approve by way of Postal Ballot the following resolutions:|
1. Authority to the Board of Directors of the Company to invest/acquire from time to time by way of subscription, purchase, conversion or otherwise Equity Shares, Preference Shares, Debentures (whether convertible, or non-convertible) or any other financial instruments of one or more bodies corporate, which may or may not be subsidiary(ies) of the Company, to make/ give from time to time any loan or loans to any body/bodies corporate, which may or may not be subsidiary(ies) of the Company and give from time to time any guarantee(s) and/or provide any security, in connection with any loan(s) made, by any other person(s) to, or to any other person(s) by, any bodies corporate, which may or may not be subsidiaries of the Company as the Board may think fit, for the amount exceeding the limits specified in section 372A of the Companies Act, 1956, subject to necessary provisions and approvals.
The Company has appointed Mrs. Kala Agarwal, Practising Company Secretary, as a Scrutinizer for conducting postal ballot process in accordance with the law and in a fair and transparent manner.
Duly Completed the Postal Ballot form should reach in Scrutinizer on or before September 21, 2011. The results of the Voting/Postal Ballots will be announced in the Annual General Meeting (AGM) of the Company scheduled on September 27, 2011, at the Registered Office at the Company. (For more details kindly refer Corporate Announcements on www.bseindia.com).